Signature Bank

SVB Hearing: Lawmakers Allege Top Banking Regulators Asleep at the Wheel
SVB Hearing: Lawmakers Allege Top Banking Regulators Asleep at the Wheel
March 29, 2023  |  Bank Regulation

House lawmakers showed that their teeth can just bite as tough as their Senate counterparts during the second day of congressional hearings about how Silicon...

READ MORE >
Internal Fed Watchdog Investigating SVB Collapse
Internal Fed Watchdog Investigating SVB Collapse
March 29, 2023  |  Digital-First Banking

The Federal Reserve’s inspector general has begun a probe into Silicon Valley Bank’s collapse. A spokesperson for the Office of Inspector General (OIG) told PYMNTS Wednesday (March 29) that...

READ MORE >
Why the FDIC Is Suddenly Front-Page News
Why the FDIC Is Suddenly Front-Page News
March 29, 2023  |  Banking

Few debates rage as fiercely today as how to protect bank customers — and how much protection they need. A trio of regulators appeared before...

READ MORE >
Possible Banking Regulations Come to Light During Senate Hearing
Possible Banking Regulations Come to Light During Senate Hearing
March 28, 2023  |  Bank Regulation

Possible future banking regulations came to light during a Senate committee hearing. The proposals were mentioned by Federal Reserve Vice Chair for Supervision Michael Barr...

READ MORE >
Regulators Tell Senate Lawmakers SVB Bank Leaders Ignored Warnings
Regulators Tell Senate Lawmakers SVB Bank Leaders Ignored Warnings
March 28, 2023  |  Bank Regulation

Lawmakers let their frustrations with regulators fly during Tuesday’s (March 28) Senate Banking Committee hearing. The collapse of Silicon Valley Bank (SVB) and Signature Bank...

READ MORE >
Small Banks Lost $109 Billion in Deposits During Banking Crisis
Small Banks Lost $109 Billion in Deposits During Banking Crisis
March 28, 2023  |  Banking

Customers pulled $109 billion from smaller banks during the recent banking crisis. That’s according to recent research by Moody’s Corp., which also shows that larger...

READ MORE >
SVB and Signature Were ‘Allowed to Fail,’ Says FDIC Chair
SVB and Signature Were ‘Allowed to Fail,’ Says FDIC Chair
March 27, 2023  |  Banking

America’s banking regulator is investigating the recent collapse of two lenders. Martin Gruenberg, chairman of the Federal Deposit Insurance Corp. (FDIC), says his agency is...

READ MORE >
Banks Welcome Crypto Firms After Signature/Silvergate Downfall
Banks Welcome Crypto Firms After Signature/Silvergate Downfall
March 27, 2023  |  Cryptocurrency

Cryptocurrency firms left bankless following the downfall of two industry lenders have found new homes. That’s according to a Monday (March 27) report by the Wall Street...

READ MORE >
ClearBank Says Inflows Jumped 20% During SVB Crisis
ClearBank Says Inflows Jumped 20% During SVB Crisis
March 27, 2023  |  Banking

Silicon Valley Bank’s loss is apparently U.K. embedded banking firm ClearBank’s gain. The company’s CEO said customer flows into its platform rose by 20% during...

READ MORE >